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May 24 - 02:55 AM

EUR/USD - Fighting The Longer-Term Bear Trend

By Peter Stoneham  —  May 24 - 02:15 AM
  • EUR has found traction against the underlying bear trend: could run a bit

  • Easier bias Tues but looking for more of an adjustment before lower again

  • We still respect the short-term updraft and have a bid by 1.0645

  • A minimum correction off the recent 1.0349-1.0697 climb is at 1.0615

  • Bulls can target a bigger 50% Fibo off 1.1185-1.0349 at 1.0738

  • 14-day positive momentum has faded and RSI has turned over

    for more click on FXBUZ


EUR/USD Trader

EUR/USD daily candle chart: Click here

Source:
Refinitiv IFR Research/Market Commentary

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